is active
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I hope you're right. It sure would be nice to see IWEB turn the corner and climb the hill.
The Other Keith
Not necessarily. Stocks don't move solely because of higher or lower profits, especially BB stocks. Positive movement in the area of revenue would indicate their new products are gaining traction even though it is costing them money to advertise and generate interest. That could move the stock up. A positive bottom line would really move IWEB, especially if they provide positive forward guidance. I'm holding my breath, but from what I have seen, there is reason for optimism.
Brace yourself. The 10K should be out tomorrow or Thursday. We should get some sense of how the company's new business focus has proceeded this year. I expect to see higher revenues and better margins accompanied by higher expenses which will result in continued losses. It will take some time for the business plan to gain traction and generate profits, but there is definitely potential for this to turn into a long term winner.
I have two accounts with different brokers. One of them got the roundup shares yesterday. The other one has not. It looks like they are actually crediting the shares as it said in the 10K.
My mistake. I forgot that this board actually has people with educations beyond the third grade and the sarcasm should be expected. Seven months ago $12,000 would have been a good day. I'm hopeful the amount will be ten times that number within the next year. But I still like those glasses on you - they match mine.
What is so massive about 91,600 share trading hands, with a total value of less than $12,000? Especially when the average daily volume has been over 700,000 shares! Those rose colored glasses look really good on you.
Does anyone have info on sales, clients, or shipments of their products? They have released news about product capabilities, upgrades, and some new contracts (Olympics, Exxon, and GSA), but nothing on the size of the contracts or the number of units they have sold. Absent anything ya'll know, I guess the next bit of published info will be the 10K on or about the 30th of December.
I sent an email to the transfer agent and he replied that I would be entitled to the roundup. Unstated was: when they will be put in my account, and who is responsible for providing them. I'll contact my broker and see what he says.
I don't know the difference between a "record holder" and a "shareholder", but I have held these shares since 1985 when Apogee was actually making robotic devices for factories and prisons. If nothing else, I can claim to be a "longevity holder"!!!!
I just reread the documentation for the reverse split, and found the reference to the fact that noone would receive less than 100 shares. Is there anyone who is knowledgable of this procedure and can explain what paragraph 11.d. (SHAREHOLDER'S EQUITY) means? It is extracted from the 10K filed by China Swine Genetics on June 30, 2009. For some reason I could not cut and paste the website.
d. Reverse Stock Split
Effective on September 30, 2009 the Company implemented a reverse split of its common stock. No fractional shares or scrip were issued; rather, in the case of each shareholder who held less than one whole share or held 100 or more shares after the Reverse Split, the Company will purchase any fractional share resulting from the Reverse Split for $5.28 per share. In the case of each shareholder who would otherwise hold at least one but fewer than 100 shares as a result of the Reverse Split, the Company will issue a number of shares equal to the difference between the shares held by the shareholder and 100, so that each such shareholder will own 100 whole shares.
Did I miss something?
Oh my! The dilution just happened and as I feared, it was not pretty. I thought I read in the split documentation that no existing shareholders would end up with less than 100 shares. In my case, that did not happen - but perhaps I misunderstood the documentation. It would have been a very uncommon stipulation. Oh well, after the reverse 1 for 50 as Apogee, and the reverse 1 for 24 for Swine, I am now a single digit shareholder of a pig farm. Yippee!!!!!
The dilution just happened, and it is as bad as I knew it would be. The principals always make money and the shareholders always get the shaft. At least my 1000 shares will still be 100 post split shares. And it is official: we are pig farmers, not robotics manufacturers.
While is it nice to see the stock moving and an actual company in the making, APRB is following the usual path of a shell company. The existing shareholders will get virtually nothing from their stock. The new folks who are financing the operation are getting millions of shares for pennies. They will eventually do a reverse split to get the share price higher and the number of shares in the float to a more reasonable level. We will end up with single digit numbers of shares worth a couple of bucks. We're screwed no matter what happens. But I am now a pig farmer!!
It looks like APRB is actually going from a shell to an operating company. That's good, but the terms of the deal result in an incredible dilution of our shares as over 450,000,000 are being created by the 100,000 to 1 share split - which current shareholders will not receive. It is better than nothing though, so I guess I can't complain.
Someone bought 400 shares yesterday, raising the price from .18 to .35, and making me wonder just why he did it. Perhaps the primary holder wants to show some activity in the stock and raise the sell price at the same time. It was a pretty cheap way to do it.
Sorry - I looked at my accounts again and one has the new shares at the new price and one account has the old shares at the new price. Needless to say, the account reflecting the old shares has a much higher value in the account than I actually have (thousands of shares rather than the hundreds that I actually have). These bulletin board stocks can drive you crazy.
The new symbol is APRB.OB
My account shows the new number of shares reflecting the reverse split, and has for several days now. I have seen two open market trades since the split, the first for 100 shares at $1.00 and the second for 125 shares at .63 If this follows the usual routine after a reverse split (and especially with no news) we will see this in the single figures very soon.
It's not likely to trade until there is a reason for someone to buy. Right now, the only reason is bald speculation since noone besides Mr. Anthony has any idea what the future holds for the company. You may rest assured that any trade will be to the down side unless APRB defies gravity and the historical movement of stocks that have done a reverse split. I believe that patience will be the rule with this one.
My guess is that Mr Anthony wanted to get the stock on the board at the reverse split price and effected the sale to himself or a trusted friend. I can see no other logical reason given the fact that there has been no news beyond the reverse split.
I guess you could say that as current shareholders any increase in value of APGE is a plus. But I am certain that Mr. Anthony did not do all the work he has done and invested his money in this shell out of some desire to benefit current shareholders. As the majority shareholder, sole member of the board of director(s), and one man show, he has total control of all activities related to the company. His loyalty is to making something out of the Apogee rubble and profiting from his efforts. We can go along for the ride, but no current shareholders will get rich because the structure is not built to favor them. Having said that, I am grateful that he has taken these steps and will be interested in the outcome. But I'm not quitting my day job just yet.
I don't think you read my earlier post. There are only 990,000 shares after the reverse split, but that was designed to give Mr. Anthony complete control. The rest of the filing says he is authorizing 300,000,000 shares for future issuance, with 50,000,000 approved for immediate issuance. Current shareholder influence will be virtually nil since our votes were reduced by 50 to 1, and his control is complete. Additionally, his shares constitute a considerable dilution of share value for current shareholders, and the nature of the new company is unknown. You have better odds of making a profit by entering the powerball lottery than with APGE. I have quite a few shares and hope I am wrong, but the filings were pretty clear. He and Laura are using this shell brilliantly to make a pile of money. I am in for the duration since there is no market for the shares I own and it provides some theatrical value to my daily life. All the best.
No angle other than to make money in the market. I bought APGE over 20 years ago when they were making those warehouse vehicles that just didn't catch on. Since then the shares were a certificate I kept framed to remind me of the danger of penny stocks. Silly me, I bought some more APGE last week when I saw that there was once again some activity. You are correct that Mr Anthony has invested more than $40,000 in the company, but my experience with penny stocks and reverse mergers is that the common shareholders never come out ahead. The merged company usually has a business plan but not enough cash to finance it, and uses the additional shares of stock that will be offered after the reverse split to run the business in hopes that it will get to critical mass and make a profit. Perhaps we will get lucky and Michael Anthony will make us all some cash. I really hope so. Have a Merry Christmas and enjoy this early present.
Mr. Anthony has indeed used the old APGE company to make some money for himself. It will be a net loss for current shareholders, however. When the reverse split occurs, the notional value of one share of common stock will be $1.00 (presuming a current market price of $.02. Unless the merging company is a going concern with good potential, the price of the common will fall precipitously, and be compounded by the additional shares the company plans to sell on the open market. This dilution will cause the value of current shares to fall as Mr. Anthony and his principals sell their newly issued shares for a great profit. They will make a couple of million bucks for their $40,000 investment in APGE. It is as good to be Mr. Anthony as it is bad to be a common shareholder.
Wasn't Michael Anthony the guy who delivered the check from an anonymous benefactor on the old TV show "The Millionaire"? Perhaps that is an omen. We can only hope. There's been no activity in the stock the past few days. Patience, patience, patience.
I agree. I can't get the reverse merger button screen to spawn either. On the plus side, there have been 55,000 shares traded today, and when I called Laura's 800 number there was a voice mail message. So at least she is still in business and paying her phone bills.
Someone bought 5000 shares at the open today at 4 cents. There must be a reason someone would spend $200 but I'm not sure is is as an investment. Is someone trying go keep the stock active, or is it just a wild speculation from a dreamer? The 4 cent trade seems to set a new floor for the stock since it traded there last week. But a scant 5000 shares serves only to get it on the actives board. [FYI: I am new to the board but have held some shares since the old robotic company went under.]